Multifamily Property for Sale in Norfolk, VA

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Norfolk, VA 23503

Description

Marcus & Millichap is pleased to present the offering memorandum for 1075 W Ocean View Avenue in Norfolk, VA. The property consists of eight units total. There are four, one-bedroom and one-bathroom units and four, two-bedroom and one-bathroom units. 1075 W Ocean View Avenue was built in 1955, renovated in 2011 and situated on +/- 0 .23 acres. Investment Highlights: • 8 Units: A Mix of One- & Two-Bedroom Units • Prime Location: Less Than 200 Yards from Willoughby Beach • Fully Renovated Interiors & Exteriors • Stabilized Turnkey Asset with Rental Upside

Market Context

This multifamily in Norfolk, VA is listed for sale. It is offered at an approximate 6.5% capitalization rate, a key benchmark for income-producing multifamily assets. It has been on the market for 68 days. Compare it against other multifamily listings for sale in Norfolk, VA — <a href="/search/sale/multifamily/virginia/norfolk">view the full market</a>.

Contact

Explore this market

Similar Multifamily Property for Sale in Norfolk, VA